Update on Scheme of Arrangement - Receipt of order from the Hon'ble National Company Law Tribunal.
UTKARSHBNK · price
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Awaiting price reaction for this filing.
Utkarsh Small Finance Bank has received an NCLT (National Company Law Tribunal, Allahabad Bench) order dated February 11, 2026, in connection with the proposed Scheme of Amalgamation between the Bank (as Transferee Company) and Utkarsh CoreInvest Limited (as Transferor Company). The NCLT has directed that meetings of equity shareholders and unsecured creditors (excluding NCD holders) be held on March 28, 2026 via video conferencing to seek their approval on the scheme. The scheme was originally filed before the NCLT on December 26, 2025. A certified copy of the order is still awaited.
The NCLT convening shareholder and creditor meetings is a procedural milestone in the amalgamation process, but the deal is not yet effective. Shareholders will get a chance to vote on the merger, and the outcome will determine whether Utkarsh CoreInvest gets absorbed into the Bank. No immediate change to shareholding or stock price is expected, but the process is moving forward as planned.